3 Cheap but Rising Stocks

These stocks recently traded near fresh highs, but still look like good values.

Bargain hunters might be inclined to ignore stocks that are hitting 52-week highs. But they should resist that impulse, for two reasons.

First, some of these stocks may still be reasonably priced relative to fundamentals such as company profits, even if their share prices have jumped over the past year. Second, stocks hitting new highs today are more likely than not to beat the market in coming months, according to a landmark study on...